2017-18 Budget Presentation Board of Education Meeting April 5, - PowerPoint PPT Presentation

North Tonawanda City Schools Achieving Excellence 2017-18 Budget Presentation Board of Education Meeting April 5, 2017

In the presentation tonight there will be a review of the 2017-18 budget for approval by the BoE.

Projected Expenditures 2017-18 Original Budget $74,256,612 $3,897,561 $200,000 Salaries 5.25% 0.27% Equip/Cont/Materials $18,900,058 25.45% Tuition $31,525,320 BOCES 42.45% Benefits Debt Service $9,976,864 13.44% Interfund Transfers $2,331,435 $7,425,373 3.14% 10.00%

Proposed Expenditures 2017-18 Proposed 1.63% increase Expenditure over 2016-17 Budget Budget $73,491,613 $1,176,563 increase over 2016-17 Budget Achieving Excellence

Decreases to the Budget Updated Retirement - No 1 Replacement $ 110,000 2 Retirement - Replacement $ 100,000 4 Elem Reductions $ 200,000 $ 765,000 0.8 HS Reduction $ 40,000 In Reductions Guidance Counselor 4 Reductions $ - to Original (Note salaries coming back off Federal Funds during the year not included) .5 % Dec in BOCES $ 50,000 5 % Dec. in Sup and Mat $ 35,000 Administrative Budget/Services Reduction $ 80,000 25% Equipment Reduction $ 75,000 Achieving Eliminate Capital Outlay $ 75,000 Excellence $ 765,000 Total Reductions

Projected Expenditures 2017-18 Proposed Budget $73,491,613 $3,897,561 $125,000 Salaries 5.30% 0.17% Equip/Cont/Materials $18,454,722 25.11% Tuition $32,040,658 BOCES 43.60% Benefits Debt Service $9,846,864 13.40% Interfund Transfers $2,331,435 $6,795,373 3.17% 9.25%

Fund Balance Analysis $18,000,000 $16,000,000 $14,000,000 $12,000,000 $10,000,000 Axis Title $8,000,000 $6,000,000 $4,000,000 $2,000,000 $- 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 Unappropriated $1,158,6 $1,827,3 $2,546,8 $4,691,6 $2,466,0 $485,863 $1,158,9 $1,842,8 $2,077,2 $1,145,7 $2,627,4 $2,627,4 Appropriated $2,500,0 $2,800,0 $3,042,0 $3,000,0 $2,481,9 $3,467,0 $4,557,3 $4,757,3 $4,757,3 $4,757,3 $4,757,3 $4,757,3 Reserves $6,200,6 $9,100,5 $6,300,9 $6,362,0 $12,688, $12,593, $11,680, $10,848, $9,232,5 $10,607, $5,397,4 $3,640,0

FUND BALANCE ANALYSIS $16,000,000 $14,000,000 $12,000,000 $10,000,000 $8,000,000 $6,000,000 $4,000,000 $2,000,000 $- Reserves EOY Unappropriated Appropriated

$ 74,256,612 $ 74,256,612 Projected Expend (Roll-Over) $ 38,343,376 $ 38,343,376 State Aid $ 1,508,842 $ 1,508,842 Misc. Revenue $ 270,000 $ 270,000 Other Tax Item $ 40,122,218 $ 40,122,218 Total Projected Revenues $ 27,700,422 $ 27,700,422 2016 Property Tax Levy 1.00% 1.25% % Levy Increase $ 277,004 $ 346,255 2017 Levy Increase $ 27,977,426 $ 28,046,677 2017 Property Tax Levy $ 6,156,968 $ 6,087,717 Budget Gap $ 4,757,385 $ 4,757,385 Appropriated Fund Balance $ 1,399,583 $ 1,330,332 Budget Gap Achieving $ 765,000 $ 765,000 Reductions as presented Excellence $ 634,583 $ 565,332 Budget Gap after reductions $ 350,000 $ 350,000 Additional App Fund Bal $ 300,000 $ 300,000 Additional State Aid $ (15,417) $ (84,668) Budget Gap

1.00% 1.25% Levy Rate $ 22.25 $ 22.25 Current year $ 22.41 $ 22.46 Projected Tax Rates $ 0.16 $ 0.21 Difference Effective tax rate 0.72% 0.97% increase Increase on 100,000 $15.95 $ 21.49 household Increase on 100,000 $ 13.32 $ 17.95 household With STAR Increase on 100,000 household With Achieving $ 10.22 $ 13.77 Enhanced STAR Excellence

ANNUAL BUDGET BUDGET HEARING • Tuesday, May 9, 2017 • Tuesday, May 16, 2017 • 7:00 PM • 12:00 – 9:00 PM • Spruce Elementary • Alumni Student Activity Auditorium Center